Middle East Headlines

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 2022-05-17 20:37 

FX Empire

Factbox-What is the make-up of Lebanon's new parliament?...

(Reuters) Lebanon's next parliament will feature fragmented blocs including a smaller share of seats for Hezbollah and its allies, a more empowered pro-Saudi party and a surprise showing for reform-minded first-time MPs....

 2022-05-17 20:37 

FX Empire

REE Automotive to hold customer tests of electric van in Detroit...

By Nick Carey LONDON (Reuters) REE Automotive, which develops rolling chassis for commercial electric vehicles (EVs), said on Tuesday that it will start customer tests of its electric walk-in van in Detroit this summer to take orders for 2023 deliveries....

 2022-05-17 20:37 

FX Empire

Where's the beef? McDonald's, Wendy's are sued over burger sizes...

By Jonathan Stempel NEW YORK (Reuters) Justin Chimienti thought the Big Mac he bought at McDonald's and the Bourbon Bacon Cheeseburger he bought at Wendy's would be as big and juicy as advertised....

 2022-05-17 20:22 

FX Empire

Venezuela hopes "all sanctions" will be lifted by Washington -VP...

HOUSTON (Reuters) Venezuela's Vice President Delcy Rodriguez on Tuesday said her government hopes the United States' decision to ease some sanctions, as a key political dialogue is set to resume soon, will pave the way for a total lifting of restr...

 2022-05-17 20:22 

FX Empire

Consumer stocks diverge as Walmart disappoints, citing inflation...

By Sinad Carew (Reuters) Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was countered by disappointing earnings and financial targets from Walmart, which blamed high infl...

 2022-05-17 20:22 

FX Empire

Michigan judge blocks enforcement of state's pre-Roe v. Wade abortion ban...

By Gabriella Borter (Reuters) A Michigan judge on Tuesday granted a temporary injunction to block the enforcement of a state abortion ban, which might have taken effect if the U.S. Supreme Court overturns the Roe v. Wade precedent that legalized abortion ...

 2022-05-17 20:22 

FX Empire

Prominent hedge funds invested in Twitter before Musk unveiled plans...

By Svea Herbst-Bayliss BOSTON (Reuters) Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionai...

 2022-05-17 20:22 

FX Empire

U.S. says use of Pfizer's COVID-19 antiviral up 315%...

By Ahmed Aboulenein WASHINGTON (Reuters) -Use of Pfizer Inc's COVID-19 oral antiviral treatment Paxlovid has jumped 315% over the past four weeks, the U.S. Department of Health and Human Services said on Tuesday, as health officials try to address une...

 2022-05-17 20:10 

FX Empire

Canada introduces bill to ban Russia's Putin and others from entering country...

OTTAWA (Reuters) Canada on Tuesday introduced a bill in the Senate that will ban Russian President Vladimir Putin and some 1,000 other members of his government and military from entering the country as it continues to ratchet up sanctions after the invas...

 2022-05-17 19:46 

FX Empire

Crypto.com Expands Services With Shopify Offering 0 Transactions Fees...

The cryptocurrency exchange also announced that Crypto.com would wave the 0.5% settlement fee on all transactions after the first month of use....

 2022-05-17 19:37 

FX Empire

Cubans cheer Biden move to ease restrictions, U.S. reaction muted...

By Dave Sherwood and Brian Ellsworth HAVANA/MIAMI (Reuters) Cubans in Havana on Tuesday celebrated the Biden administration's decision to ease Trump-era restrictions on remittances and travel to the island, a crack in the door that comes as its govern...

 2022-05-17 19:37 

FX Empire

Colombia presidential candidate Gutierrez reports microphone found in campaign office...

BOGOTA (Reuters) Colombian center-right presidential candidate Federico Gutierrez on Tuesday said a microphone had been found illegally installed in one of his campaign offices in the Andean country's second city of Medellin....

 2022-05-17 19:37 

FX Empire

Quotes: Powell says Fed won't hesitate to move past neutral...

(Reuters) The Federal Reserve will "keep pushing" to tighten U.S. monetary policy until it is clear inflation is declining, Fed chair Jerome Powell said on Tuesday....

 2022-05-17 19:22 

FX Empire

Brazil could face attack like U.S. Capitol assault, top election official says...

BRASILIA (Reuters) Brazil's elections chief on Tuesday warned that the South American country could face a similar assault as the 2021 U.S. Capitol riot amid growing attacks on its democratic institutions ahead of October's presidential election....

 2022-05-17 19:07 

FX Empire

Netflix lays off about 150 employees, mostly in the U.S...

(Reuters) -Netflix on Tuesday said it has laid off about 150 people, mostly in the United States, as the streaming service company faces slowing growth....

 2022-05-17 18:56 

FX Empire

Analysis-Putin takes Mariupol, but wider Donbas victory slipping from reach...

By Tom Balmforth and Jonathan Landay KYIV/KHARKIV, Ukraine (Reuters) Even as the Kremlin prepares to take full control of the ruins of Mariupol city, it faces the growing prospect of defeat in its bid to conquer all of Ukraine's eastern Donbas because...

 2022-05-17 18:52 

FX Empire

Flight attendants union backs Frontier-Spirit tie-up...

WASHINGTON (Reuters) A union representing flight attendants at Frontier Airlines and Spirit Airlines said it would back a proposed merger after it reached a deal for a merger transition agreement....

 2022-05-17 18:45 

FX Empire

North Korea COVID outbreak is 'worrying' for new variants -WHO...

GENEVA (Reuters) -A senior World Health Organization official said on Tuesday that high levels of transmission of the coronavirus among unvaccinated people, such as in North Korea, creates a higher risk of new variants....

 2022-05-17 18:37 

FX Empire

Germany's finance ministry grants more independence for financial watchdog...

BERLIN (Reuters) Germany's BaFin will have more leeway and independence in conducting its work as the country's financial watchdog, the Finance Ministry said on Tuesday....

 2022-05-17 18:37 

FX Empire

Russia's Sberbank plans to drop its London listing...

(Reuters) Russia's largest lender Sberbank, which has been hit by Western sanctions, plans to drop its listing in London after its depositary terminated an agreement with it, the bank said on Tuesday....

 2022-05-17 18:35 

FX Empire

Powell says Fed to 'keep pushing' rates higher until clear inflation is falling...

WASHINGTON (Reuters) The Federal Reserve will "keep pushing" to tighten U.S. monetary policy until it is clear inflation is declining, Fed chair Jerome Powell said on Tuesday....

 2022-05-17 18:33 

FX Empire

Allianz to pay $6 billion in U.S. fraud case, fund managers charged...

NEW YORK (Reuters) -Germany's Allianz SE has agreed to pay about $6 billion and a U.S. asset management unit will plead guilty to fraud after a group of its multibillion dollar investment funds collapsed amid market turmoil triggered by the coronaviru...

 2022-05-17 18:22 

FX Empire

South Carolina governor signs transgender sports ban...

By Maria Caspani (Reuters) South Carolina Governor Henry McMaster this week signed a bill banning transgender athletes from playing school sports that match their gender identity, joining a number of Republican-led states that have enacted similar laws th...

 2022-05-17 18:22 

FX Empire

Authorities discover narco-tunnel on U.S.-Mexico border...

MEXICO CITY (Reuters) U.S. anti-narcotics agents have discovered a drug-smugglers' tunnel running under the U.S.-Mexico border and equipped with a rail track, electricity and ventilation system, the U.S. Department of Justice said....

 2022-05-17 18:11 

FX Empire

SocGen CEO Oudea surprises banking world with decision to step down next year...

PARIS (Reuters) Societe General on Tuesday said Frederic Oudea, its the chief executive, would not be seeking the renewal of his at the next shareholders' meeting on May 23, 2023....

 2022-05-17 18:07 

FX Empire

U.S. considering move to block Russian debt payments...

WASHINGTON (Reuters) -The United States is considering a move to block Russia's ability to pay U.S. bondholders after a deadline expires next week, a U.S. administration official said on Tuesday....

 2022-05-17 18:07 

FX Empire

Under political pressure, Biden officials toughen border message...

By Ted Hesson and Veronica Cardenas HARLINGEN, TEXAS (Reuters) U.S. Homeland Security Secretary Alejandro Mayorkas toured the U.S.-Mexico border in South Texas on Tuesday as he pushes a tougher message of restoring consequences for people crossing illegal...

 2022-05-17 18:04 

FX Empire

Indian Regulatory Body SEBI Ceases "Celebrity Endorsement" for Crypto...

As per SEBI's communication, disclosing the risks associated with virtual digital assets (VDA) is also necessary for advertisers....

 2022-05-17 17:52 

FX Empire

UK asks competition regulator to look into fuel retailers...

LONDON (Reuters) British business minister Kwasi Kwateng said he had written to petrol retailers over concern a cut in fuel duty was not being passed on to consumers, adding he had asked the competition regulator to investigate....

 2022-05-17 17:52 

FX Empire

U.S. corporate bond deals to ebb this year amid higher rates, volatility -BofA...

By Davide Barbuscia NEW YORK (Reuters) U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive said on Tuesday....

 2022-05-17 17:37 

FX Empire

Ukraine removes fuel price restrictions to increase supply economy minister...

KYIV (Reuters) Ukraine's government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after Russian forces destroyed many storage facilities and logistics chains, the economy minis...

 2022-05-17 17:37 

FX Empire

Exclusive-ECB's Lagarde gives national central bank chiefs louder voice on policy...

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sou...

 2022-05-17 17:37 

FX Empire

Flight data from China Eastern jet points to intentional nosedive WSJ...

(Reuters) Flight data from a black box recovered from a China Eastern jet that crashed earlier this year indicates someone in the cockpit intentionally crashed the jet, the Wall Street Journal reported on Tuesday, citing people familiar with U.S. official...

 2022-05-17 17:37 

FX Empire

Analysis-Aircraft leasing faces shake-up as risks cloud recovery...

By Tim Hepher PARIS (Reuters) Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital's deal to buy smaller rival Goshawk Aviation for $6.7 billion....

 2022-05-17 17:22 

FX Empire

Czech investment group PPF quits Russian banking market...

PRAGUE (Reuters) Czech investment group PPF has agreed to sell its Russian banking assets to a group of investors, it said on Tuesday, joining the wave of European firms cutting their exposure to Russia following its invasion of Ukraine....

 2022-05-17 17:19 

FX Empire

U.S. launches program to capture, analyze evidence of Russian war crimes in Ukraine...

WASHINGTON (Reuters) The U.S. State Department on Tuesday announced the launch of a new program to capture and analyze evidence of war crimes and other atrocities perpetuated by Russia in Ukraine, as Washington seeks to ensure Russia is held accountable f...

 2022-05-17 17:18 

FX Empire

Twitter's account of deal shows Musk signing without asking for more info...

(Reuters) Twitter Inc said on Tuesday it was committed to completing Elon Musk's $44-billion deal at the agreed price and terms....

 2022-05-17 17:18 

FX Empire

U.S. Democrats unveil bill to address baby formula shortage...

WASHINGTON (Reuters) -U.S. House Democrats on Tuesday unveiled a bill to provide $28 million to the Food and Drug Administration to help respond to a nationwide shortage of infant formula....

 2022-05-17 17:07 

FX Empire

Macron tells Zelenskiy: French arms deliveries to Ukraine will intensify...

PARIS (Reuters) French President Emmanuel Macron told his Ukrainian counterpart on Tuesday that French arms deliveries to Ukraine would intensify in coming days and said France was ready to respond to additional demands for help, the Elysee said....

 2022-05-17 17:07 

FX Empire

Azovstal fighters brought to Russian-controlled Olenivka after surrender witness...

(Reuters) Seven buses carrying Ukrainian fighters who held out for weeks against Russian forces at the Azovstal steel works in the port city of Mariupol arrived on Tuesday at a former penal colony in the Russian-controlled town of Olenivka near Donetsk, a...

 2022-05-17 17:07 

FX Empire

Fed's Kashkari: how high rates need to go depends on supply side...

(Reuters) How much higher the Federal Reserve will need to raise U.S. interest rates will depend in large part on how quickly supply chains can recover, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday....

 2022-05-17 17:07 

FX Empire

Trump fundraiser Barrack sought UAE investment while lobbying for country -prosecutors...

By Luc Cohen NEW YORK (Reuters) A billionaire fundraiser for former U.S. President Donald Trump's campaign sought investment from two United Arab Emirates sovereign wealth funds at the same time he was illegally lobbying for the country, prosecutors s...

 2022-05-17 16:52 

FX Empire

Saudi vice defense minister to discuss Yemen truce on Washington visit...

(Reuters) Saudi Arabia's Vice Minister of Defense Khalid bin Salman will discuss a truce in Yemen and the Ukraine crisis with White House National Security Advisor Jake Sullivan during a visit to Washington on Tuesday, the National Security Council sa...

 2022-05-17 16:52 

FX Empire

Biden calls on Americans to reject 'poison' of white supremacy...

WASHINGTON (Reuters) U.S President Joe Biden called on all Americans to reject the "poison" of white supremacy, addressing families and local officials at the Buffalo, New York, site of a racist mass shooting over the weekend....

 2022-05-17 16:52 

FX Empire

Russian investigators to question Ukrainian fighters who surrendered at Azovstal TASS...

(Reuters) Russian investigative committee will question Ukrainian fighters who surrendered at the Azovstal steel plant in city of Mariupol, TASS news agency quoted the committee as saying on Tuesday....

 2022-05-17 16:52 

FX Empire

Talks between Venezuela's Maduro, opposition expected; U.S. easing some restrictions -sources...

By Vivian Sequera, Matt Spetalnick and Marianna Parraga...

 2022-05-17 16:52 

FX Empire

WHO raises alarm about 'healthcare on a knife-edge' in Ukraine...

By Natalia Zinets KYIV (Reuters) The World Health Organization's Europe chief sounded the alarm on Tuesday about healthcare provision in Ukraine during the war with Russia and called for an investigation into more than 200 attacks on the healthcare sy...

 2022-05-17 16:52 

FX Empire

China Southern says delivery timetable for Boeing 737 MAX jets not confirmed...

BEIJING (Reuters) -A China Southern Airlines spokesperson said on Tuesday the delivery timetable for Boeing Co 737 MAX jets was not confirmed, after the company's chairman last week gave investors fleet plans through 2024 that did not include the MAX....

 2022-05-17 16:52 

FX Empire

Traders can decide if Russian commodities deals are allowed -Swiss...

By Michael Shields ZURICH (Reuters) Trading houses can decide for themselves whether commodity deals with state-controlled Russian companies meet the standard of being "strictly necessary" in order to avoid international sanctions, the Swiss agenc...

 2022-05-17 16:48 

FX Empire

Burkina Faso rescuers find no survivors in flooded mine's rescue chamber govt...

OUGADOUGOU (Reuters) Rescue workers have found no survivors in a rescue chamber inside Trevali Mining Corp's flooded Perkoa zinc mine in Burkina Faso where eight miners have been missing since April 16, the government said in a statement on Tuesday....

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